United States Government Publishing Office publisher pbl distributor dst United States National Archives and Records Administration Office of the Federal Register author aut Government Organization text government publication eng FR Regulatory Information 2018_register executive 2018-11-06 article Rules and Regulations D09002ee1c7defa11 D09002ee1c7defb8a United States National Credit Union Administration originator org United States Government Agency or Subagency The NCUA Board (Board) is amending the NCUA's previously revised regulations regarding prompt corrective action (PCA). The final rule delays the effective date of the NCUA's October 29, 2015 final rule regarding risk-based capital (2015 Final Rule) for one year, moving the effective date from January 1, 2019 to January 1, 2020. During the extended delay period, the NCUA's current PCA requirements will remain in effect. The final rule also amends the definition of a "complex" credit union adopted in the 2015 Final Rule for risk-based capital purposes by increasing the threshold level for coverage from $100 million to $500 million. These changes provide covered credit unions and the NCUA with additional time to prepare for the rule's implementation, and exempt an additional 1,026 credit unions from the risk-based capital requirements of the 2015 Final Rule without subjecting the National Credit Union Share Insurance Fund (NCUSIF) to undue risk. 83 FR 55467 https://www.govinfo.gov/app/details/FR-2018-11-06/2018-24171 2018-24171 fr06no18-2 RIN 3133-AE90 7535-01-P https://www.govinfo.gov/app/details/FR-2018-11-06/2018-24171 https://www.govinfo.gov/content/pkg/FR-2018-11-06/html/2018-24171.htm https://www.govinfo.gov/content/pkg/FR-2018-11-06/pdf/2018-24171.pdf Credit Unions Reporting and Recordkeeping Requirements 12 p. 55467 55478 83 FR 55467 Title 12 Part 700 12 CFR Part 700 Title 12 Part 701 12 CFR Part 701 Title 12 Part 702 12 CFR Part 702 Title 12 Part 703 12 CFR Part 703 Title 12 Part 713 12 CFR Part 713 Title 12 Part 723 12 CFR Part 723 Title 12 Part 747 12 CFR Part 747 RIN 3133-AE90 Risk-Based Capital; Federal Register Vol. 83, Issue RULE 2018-24171 NATIONAL CREDIT UNION ADMINISTRATION 2019-01-01 7535-01-P 2018-24171 Final rule; supplemental.

The NCUA Board (Board) is amending the NCUA's previously revised regulations regarding prompt corrective action (PCA). The final rule delays the effective date of the NCUA's October 29, 2015 final rule regarding risk-based capital (2015 Final Rule) for one year, moving the effective date from January 1, 2019 to January 1, 2020. During the extended delay period, the NCUA's current PCA requirements will remain in effect. The final rule also amends the definition of a "complex" credit union adopted in the 2015 Final Rule for risk-based capital purposes by increasing the threshold level for coverage from $100 million to $500 million. These changes provide covered credit unions and the NCUA with additional time to prepare for the rule's implementation, and exempt an additional 1,026 credit unions from the risk-based capital requirements of the 2015 Final Rule without subjecting the National Credit Union Share Insurance Fund (NCUSIF) to undue risk.

The effective date of the final rule published on October 29, 2015 (80 FR 66625) is delayed until January 1, 2020. In addition, the amendments to Sec. 702.103 in this final rule are effective on January 1, 2020. Policy and Analysis: Julie Cayse, Director, Division of Risk Management, Office of Examination and Insurance, at (703) 518-6360; Kathryn Metzker, Risk Officer, Division of Risk Management, Office of Examination and Insurance, at (703) 548- 2456; Julie Decker, Risk Officer, Division of Risk Management, Office of Examination and Insurance, at (703) 518-3684; Aaron Langley, Risk Management Officer, Data Analysis Division, Office of Examination and Insurance, at (703) 518-6387; Legal: John Brolin, Senior Staff Attorney, Office of General Counsel, at (703) 518-6540; or by mail at National Credit Union Administration, 1775 Duke Street, Alexandria, VA 22314. Credit Unions Reporting and Recordkeeping Requirements Risk-Based Capital , https://www.treasury.gov/press-center/press-releases/Documents/A%20Financial%20System.pdf Vol. 83, no. 215 Office of the Federal Register, National Archives and Records Administration 2018-11-06 continuing daily deposited born digital 157 p. Table of Contents: AE 2.7: GS 4.107: AE 2.106: KF70.A2 https://www.govinfo.gov/app/details/FR-2018-11-06 P0b002ee19da27eb6 0097-6326 0042-1219 0364-1406 769-004-00000-9 000582072 f:fr06no18 https://www.govinfo.gov/app/details/FR-2018-11-06 https://www.govinfo.gov/content/pkg/FR-2018-11-06/pdf/FR-2018-11-06.pdf https://www.govinfo.gov/content/pkg/FR-2018-11-06/xml/FR-2018-11-06.xml fdlp 55453 55600 DGPO 2018-11-06 2024-06-01 FR-2018-11-06 machine generated eng FR FR-2018-11-06 83 215